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April 25, 2012

The mystery of China’s tax burden

Taxpayers are fully aware that rates have soared in recent years, even if opaque government policies try to hide the burden, Caixin Online reports.

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Spain agrees road map for clubs to settle tax debts

(Reuters) - The Spanish government and the football league (LFP) have agreed rules designed to pave the way for clubs to pay off hundreds of millions of euros in tax debts in a case that has attracted the attention of European Union antitrust officials. Clubs in Spain's top two divisions, many of which are in dire financial straits, owe some 750 million euros to the tax authorities plus another

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German cabinet approves Swiss tax deal

BERLIN (Reuters) - German Chancellor Angela Merkel's cabinet passed a revised deal to tax secret deposits in Swiss bank accounts on Wednesday, betting that the opposition Social Democrats (SPD) will drop their objections and back the accord in parliament. Switzerland and Germany hammered out the new deal earlier this month after a diplomatic spat that lasted years. Germany's states stand to net

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Merkel’s Cabinet Backs Swiss Tax Accord as Best Deal Possible

German Chancellor Angela Merkel’s government said it gained the best result possible in renegotiating an accord with Switzerland to curb tax evasion, rebuffing opposition critics who said they will block the deal.

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Will the 'tax the rich' plan scare them away?

Ontario's new 'tax the rich' plan may not prompt wealthy residents to flee the province, but it's also unlikely to generate the forecasted revenues.

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